HTC to cut fifth of its workforce amid poor sales
Facebook Twitter google+ RSS Feed

HTC to cut fifth of its workforce amid poor sales

33
cmt right
33
Comment Right
68
cmt right
11
cmt right
Printer Print Email Email


taiwaneseTaiwanese smartphone maker HTC is cutting a fifth of its global workforce after being hit by consecutive financial losses and declining smartphone sales, the media reported.

The company is reportedly laying off some 1,500 manufacturing workers at its home turf, in an apparent attempt to "realign" resources, CNBC reported on Tuesday. 

"Today's reduction in manufacturing workforce announced by HTC is a decisive step in the realignment of resources across the organization, and will allow more flexible operations management," the company was quoted as saying in the report.

According to data on its website, HTC had 7,322 employees at the end of March.

The company signed a $1.1 billion deal with Google in September last year that saw 2,000 HTC employees join the technology giant. 

HTC, known for its flagship phone series called "One", manufactured Google's Pixel. The deal was part of Google's aim to boost its hardware business.

The job cuts are the latest sign that HTC, once a major player in the smartphone market, is struggling to keep afloat in a competitive smartphone industry, according to BBC.



Read more news:



Vetting third-party apps, not reading your Gmail: Google



Uber hires ex-Facebook executive to head driver product


Source: IANS
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset